Saudi crown prince discusses regional developments with French President Macron
Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call from French President Emmanuel Macron on Sunday, Saudi Press Agency reported. During the call, areas of joint cooperation and ways to enhance them were reviewed, and regional and international developments were discussed. The two officials also exchanged views on the latest developments and efforts […]
Saudi Arabia emerging as an economic ‘powerhouse,’ says top IMF official
Saudi Arabia’s role in the international financial system is growing, solidifying its position as an emerging economic “powerhouse,” according to a senior executive. In an interview with Arab News on the sidelines of the AlUla Conference for Emerging Market Economies, Jihad Azour, director of the Middle East and Central Asia department at the International Monetary […]
China’s central bank governor highlights key challenges for emerging markets at AlUla conference
Emerging market economies are facing escalating challenges, including geopolitical tensions, sluggish global growth, financial volatility, and increasing public debt, according to the governor of the People’s Bank of China. Speaking at the two-day AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the International Monetary Fund, Pan Gongsheng emphasized the […]
Ministers urge fiscal discipline, smart investment to tackle debt challenges at Saudi forum
Effective debt restructuring requires a thorough understanding of its root causes, said the Russian finance minister at the AlUla Conference for Emerging Market Economies. Speaking during a panel titled “High Debt-Low Fiscal Space—Fiscal Consolidation and Multilateral Solutions to Debt Restructuring,” Anton Siluanov said that fiscal prudence and policy monitoring are essential in addressing economic challenges. […]
Financial discipline crucial while pursuing economic diversification efforts: Qatari minister
Maintaining financial discipline is crucial for countries in the Middle East as they work to diversify their economies and reduce reliance on energy revenues, according to a Qatari minister. During a panel discussion at the AlUla Conference for Emerging Market Economies organized by the Saudi Ministry of Finance and the International Monetary Fund, Ali bin […]
Saudi Arabia’s Northern Borders region holds $1.22tn in mining resources
Saudi Arabia’s Northern Borders region, home to an estimated SR4.6 trillion ($1.22 trillion) in mineral resources, is emerging as a key driver of economic growth and investment, according to the Ministry of Industry and Mineral Resources. The region is a major hub for phosphate production, a critical component in global food security due to its […]
Russia’s Siluanov visits Saudi Arabia ahead of Russia-US talks
Russian Finance Minister Anton Siluanov visited Saudi Arabia on Sunday ahead talks between Russia and the United States in the Kingdom scheduled for next week. Siluanov was speaking at an event called AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the International Monetary Fund. US and Russian officials will […]
Global financial leaders convene in Saudi Arabia to address emerging market risks
Sovereign debt risks, structural reforms, and trade policies take center stage as global financial leaders and policymakers convened in Saudi Arabia for the first AlUla Conference for Emerging Market Economies. The high-profile summit comes amid ongoing economic turbulence, with leaders seeking solutions to enhance financial stability and resilience. The two-day event, hosted by the Saudi […]